Nine credit unions to date have invested in Constellation's platform, including Coastal Credit Union, Teacher's Credit Union, CFCU Community Credit Union, Meritrust Credit Union, Farmers Insurance Federal Credit Union, Georgia's Own Credit Union, Affinity Federal Credit Union, Kinecta Federal Credit Union
and Nusenda Credit Union, the company said.
Brokers with wholesale lender relationships can take their non-agency jumbo loans to lenders such as Kinecta Federal Credit Union
, Luther Burbank Savings, Union Bank, Bank of Internet Federal Bank and a few others.
Two months earlier, Kinecta Federal Credit Union
resumed real estate lending after taking a break from the business for about a year.
Recent bank fines paid: the Union Bank of Switzerland (US$100 million in 2004); National Bank of Australia (US$100,000 in 2007); the Kinecta Federal Credit Union
of California (US$3,102 in 2007); Bank Atlantic of Florida (US$7,500 in 2007).
The problem, according to Keith Sultemeier, president of the $4 billion Kinecta Federal Credit Union
, based in Manhattan Beach, Calif.